XRP has overtaken BNB in market capitalization, with a significant rise in the past week. BNB's metrics, however, suggest a period of consolidation rather than decline, indicating a potential for future price corrections.
XRP has solidified its position at the top of the market cap italization rankings, with its value now surpassing $109 billion compared to BNB 's $94 billion. In the past week, XRP has seen a significant rise of 37%, while BNB has seen a muted increase of less than 1%. Despite BNB 's current underperformance, its metrics offer insights into potential future movements. BNB 's MVRV is currently at -113%, indicating that holders are experiencing significant losses.
Historically, a low MVRV has been followed by upward price corrections for BNB. However, the absence of strong trading volume poses a challenge for any sustained price growth. BNB's technical analysis reveals a tight consolidation phase, with its price around $658.3. The MACD indicator shows weak bullish momentum, while the Chaikin Money Flow (CMF) indicates limited inflows. The 50-day moving average is above the 200-day, suggesting a bullish trend. However, a breakout above $670 with increased trading volume is necessary for BNB to regain momentum. Failure to do so could see BNB test the $640 support level. While XRP's short-term dominance is evident, BNB's long-term relevance within the Binance ecosystem remains assured
XRP BNB Market Cap Binance Coin MVRV MACD Chaikin Money Flow
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